Description
FOR SALE: Single-Tenant Retail Building
The subject property is located on the prime signalized intersection of Sherman Way and Farralone Dr, and is operated by a single-tenant, currently running a children’s school. The structures are comprised of one front building that has three classrooms, one bathroom, one office. There is also a garage in the back that was converted into a larger classroom and has one bathroom. The rest of the lot interior is used as outdoor/play.recess area for students. The current tenant is paying $3,500 per month, and has the option to renew their lease in August of 2021 at a slightly higher rent. The site offers major visibility on a prime commercial corner that boasts a traffic count of over 21,000 cars per day. This is a probate sale, but not subject to court confirmation. Please make your offer on the CAR Probate Purchase Agreement.
PROPERTY OVERVIEW
Price: $695,000
Lot Size: 0.10 Acres
Building Size: 1,130 Sq Ft
Price Per Sq. Ft.: $615
Year Built: 1951
Parking: 3 Car Parking
Zoning: C1
Contact us today for more detailed financial information!
PROPERTY FEATURES
- Prime Intersection
- Major visibility on a prime commercial corner
- Traffic count of over 21,000 cars per day
- One front building that has three classrooms, one bathroom, one office
- Garage in the back that was converted into a larger classroom and has one bathroom
- Lot interior is used as outdoor/play.recess area for students
